Daily News November 10, 2020	Days:  06 09 10 11 12

politics

GEORGIA TO CONSIDER START OF FREE-TRADE NEGOTIATIONS WITH KOREA

Georgian Ministry of Economy and Sustainable Development reported that conduction of feasibility study regarding start of negotiations on free-trade agreement with Republic of Korea is planned. The Ministry noted that preliminary consultations on the subject already were held.

economics

NBG BROUGHT $40M FOR SALE, SOLD $37.2M

National Bank of Georgia (NBG) declared about selling of $37.2 million at the currency auction today, noting that $40 million were brought. Average weighted exchange rate made up 3.3169 GEL/USD.




INNOVATIONS AND TECHNOLOGIES AGENCY: 3,000 IT SPECIALISTS WILL BE RETRAINED FOR THE NEXT 2 YEARS

Georgian Agency of Innovations and Technologies declared that 3,000 IT specialists (software engineering, project management, AI, design, cyber security, networks, etc.) will be retrained for the next 2 years. Retraining will be carried out within GENIE (Georgia National Innovation Ecosystem project, funded by the World Bank).

business

IN 2019, PROFIT OF JSC “POTI SEAPORT CORPORATION” DOUBLED

JSC Poti Seaport Corporation reported net profit of 116.7 million lari for 2019. According to audited report of the company, the volume has doubled in comparison with 2018.




IN 2019, LOSS OF LLC “BATUMI OIL TERMINAL” INCREASED 2.4 TIMES

LLC Batumi Oil Terminal reported loss of $47.5 million for 2019. According to audited report of the company, the volume has increased 2.4 times in comparison with 2018.




“SOCAR GEORGIA GAS” FINISHED 2019 WITH LOSSES

LLC SOCAR Georgia Gas reported loss of 22.5 million lari for 2019. According to audited report of this Georgian regional gas distributor, it had profit of 796,000 lari in 2018.




IN 2019, LOSS OF “SOCAR GEORGIA PETROLEUM” INCREASED BY 91.7%

LLC SOCAR Georgia Petroleum reported loss of 87.7 million lari for 2019. According to audited report of this Georgian oil-products and LPG retailer, the volume has increased by 91.7% year-on-year.




IN 2019, PROFIT OF “LUKOIL GEORGIA” DROPPED 4.2 TIMES

LLC LUKOil Georgia reported net profit of 3.2 million lari for 2019. According to audited report of this Georgian oil-products and LPG retailer, the volume has reduced 4.2 times year-on-year.




IN 2019, PROFIT OF “PSP PHARMA” INCREASED BY 10.1%

PSP Pharma reported net profit of 26.3 million lari for 2019. According to audited report of this Georgian pharmaceutical company, the volume has increased by 10.1% year-on-year.




IN 2019, PROFIT OF “AVERSI PHARMA” DROPPED 4.3 TIMES

Aversi Pharma reported net profit of 3.2 million lari for 2019. According to audited report of this Georgian pharmaceutical company, the volume has decreased 4.3 times year-on-year.




IN 2019, PROFIT OF “ELIT ELECTRONICS” DROPPED 4 TIMES

JSC Elit Electronics reported net profit of 1.4 million lari for 2019. According to audited report of this Georgian retailer of household appliances, the volume has decreased 4 times year-on-year.




“BARAMBO” FINISHED 2019 WITH LOSS

LLC Barambo reported loss of 1.07 million lari for 2019. According to audited report of this Georgian confectionery producer, it had net profit of 2.15 million lari in 2018.